Nicola Mining Announces Plan for 2026 Drilling Exploration at Treasure Mountain Silver Project
Nicola Mining (OTCQB: HUSIF) announced 2026 diamond drilling plans for the Treasure Mountain silver project after 2025 preparation work, including field reconnaissance and prior geophysics and soil sampling. The company received a multi-year area-based exploration permit (MYAB) permitting diamond drilling and trenching (announced June 9, 2025) and holds a mine lease extension through April 26, 2032 (announced August 30, 2024). Treasure Mountain is a permitted silver mine 30 km northeast of Hope, BC, with surface vein-hosted silver, copper, lead, zinc and gold that is reported as open in all directions.
Nicola Mining (OTCQB: HUSIF) ha annunciato piani di trivellazione diamantifera per il 2026 sul progetto d?argento Treasure Mountain dopo i lavori di preparazione del 2025, tra cui riconoscimento sul campo e geofisica precedente e campionamento del suolo. L'azienda ha ricevuto un permesso di esplorazione pluriennale basato sull'area (MYAB) che consente la trivellazione diamantifera e la trivellazione a trincea (annunciato il 9 giugno 2025) e possiede un’estensione del leasing della miniera fino al 26 aprile 2032 (annunciato il 30 agosto 2024). Treasure Mountain è una miniera d'argento autorizzata situata a 30 km a nordest di Hope, BC, con argento contenuto nelle vene superficiali, rame, piombo, zinco e oro, riportata aperta in tutte le direzioni.
Nicola Mining (OTCQB: HUSIF) anunció planes de perforación con diamante para 2026 en el proyecto de plata Treasure Mountain tras los trabajos de preparación de 2025, que incluyeron reconocimiento de campo y geofísica previa y muestreo de suelos. La empresa recibió un permiso de exploración basado en zona multianual (MYAB) que permite perforación con diamante y trincheras (anunciado el 9 de junio de 2025) y posee una extensión de arrendamiento de la mina hasta el 26 de abril de 2032 (anunciado el 30 de agosto de 2024). Treasure Mountain es una mina de plata autorizada a 30 km al noroeste de Hope, BC, con plata alojada en vetas superficiales, cobre, plomo, zinc y oro, que se reporta abierta en todas las direcciones.
Nicola Mining (OTCQB: HUSIF) 는 2025년의 준비 작업 이후 Treasure Mountain 은의 실버 프로젝트를 위한 2026년 다이아몬드 시추 계획을 발표했습니다. 현장 정찰 및 이전의 지구물리 및 토양 샘플링을 포함합니다. 이 회사는 다이아몬드 시추와 트렌칭을 허용하는 지역 기반 다년 탐사 허가(MYAB)를 받았으며(2025년 6월 9일 발표) 채굴권 연장도 2032년 4월 26일까지 보유하고 있습니다(2024년 8월 30일 발표). Treasure Mountain은 Hope, BC에서 북동쪽으로 30km 떨어진 허가된 은광으로, 표면의 광맥 은, 구리, 납, 아연 및 금이 노출되어 있으며 모든 방향으로 열려 있다고 보고됩니다.
Nicola Mining (OTCQB: HUSIF) a annoncé des plans de forage diamant pour 2026 sur le projet d'argent Treasure Mountain après les travaux de préparation de 2025, incluant reconnaissance sur le terrain et géophysique antérieure et échantillonnage des sols. La société a reçu un permis d'exploration pluriannuel basé sur une zone (MYAB) autorisant le forage diamant et le creusement (tranchage) (annoncé le 9 juin 2025) et détient une extension de bail minier jusqu'au 26 avril 2032 (annoncé le 30 août 2024). Treasure Mountain est une mine d'argent autorisée située à 30 km au nord-est de Hope, BC, avec l'argent en veine superficielle, cuivre, plomb, zinc et or, et elle est reportée comme ouverte dans toutes les directions.
Nicola Mining (OTCQB: HUSIF) gab Pläne für Diamantbohrungen im Jahr 2026 für das Treasure Mountain Silberprojekt bekannt, nach Vorbereitungsarbeiten im Jahr 2025, einschließlich Felderkundungen sowie vorheriger Geophysik und Bodenproben. Das Unternehmen erhielt eine mehrjährige gebietsbasierte Explorationsgenehmigung (MYAB), die Diamantbohrungen und Trenching (am 9. Juni 2025 bekannt gegeben) erlaubt, und besitzt eine Minenvertragsan extension bis zum 26. April 2032 (am 30. August 2024 bekannt gegeben). Treasure Mountain ist eine genehmigte Silbermine 30 km nordöstlich von Hope, BC, mit Silberspuren in Oberflächenadern, Kupfer, Blei, Zink und Gold, die in alle Richtungen offen gemeldet wird.
Nicola Mining (OTCQB: HUSIF) أعلنت عن خطط حفر بالماس لعام 2026 لمشروع Treasure Mountain للفضة بعد أعمال التحضير لعام 2025، والتي شملت الاستكشاف الميداني والتجارب الجيوفيزيائية السابقة وأخذ عينات التربة. حصلت الشركة على ترخيص استكشاف يعتمد على المنطقة لعدة سنوات (MYAB) يسمح بالحفر الماسي والحفر بالخنادق (أعلن في 9 يونيو 2025) وتمتلك تمديد عقد تعدين حتى 26 أبريل 2032 (أعلن في 30 أغسطس 2024). Treasure Mountain هي منجم فضة مُرخّص يقع على بعد 30 كم إلى الشمال الشرقي من Hope، BC، مع فضة على العروق السطحية، نحاس، رصاص، زخ من الذهب، وهو مُبلغ عنه كمفتوح في جميع الاتجاهات.
Nicola Mining (OTCQB: HUSIF) 在 2025 年的准备工作之后宣布了对 Treasure Mountain 银矿项目的 2026 年钻石钻探计划，包括野外勘查以及前期地球物理和土壤取样。公司获得了基于区域的多年探矿许可（MYAB），允许钻石钻探和 trenching（于 2025 年 6 月 9 日宣布），并持有矿山租约延长至 2032 年 4 月 26 日（于 2024 年 8 月 30 日宣布）。Treasure Mountain 是位于 Hope, BC 东北 30 公里处的有许可银矿，表层脉状银、铜、铅、锌和金，报道为在各个方向开放。
- MYAB permit allows diamond drilling and trenching (June 9, 2025)
- Mine lease extension secured through April 26, 2032
- Surface veins show silver, copper, lead, zinc and gold and are open in all directions
- 2026 program built on prior airborne magnetic and multi-year soil sampling
- Treasure Mountain has been on care and maintenance since 2013
- Previous drilling along target trend limited to 274m (1994) and 25m (2020)
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2025) - Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the "Company" or "Nicola") is pleased to provide an update on preparation work conducted during 2025 on the Treasure Mountain Silver Project ("Treasure Mountain") and its plan for 2026 exploration drilling program ("2026 TM Program"). The 2026 TM Program is the culmination of an airborne magnetic geophysical survey (conducted by Scott Hogg & Associates Ltd. in 2012), extensive soil sampling programs over multiple years, and 2025 field reconnaissance. Treasure Mountain is a permitted silver mine located 30 km northeast of Hope and about a 3-hour drive from Vancouver, British Columbia. Treasure Mountain was an operating mine but was put into care and maintenance in 2013[1], due to depressed silver prices and has always been a core asset to Nicola, which has been strategically waiting for higher silver prices.
As previously announced in the Company's June 9, 2025 news release, Nicola received a multi-year area-based exploration permit (the "MYAB Permit"), allowing the Company to conduct diamond drilling and trenching at Treasure Mountain. In addition to receipt of MYAB Permit, the Company received a ten year mine lease extension (through April 26, 2032; announced on August 30, 2024), further bolstering the attractiveness of re-opening Treasure Mountain.
The area of exploration interest is northwest of the currently suspended mine (Fig. 1) and consists of several northeast-southwest trending and steeply dipping sulphide-rich veins (Fig. 2). Photos exhibited in Figure 2 are associated with 2025 field reconnaissance focused on establishing the 2026 TM Program drill targets.
Figure 1. Geological map of Treasure Mountain showing trend of mineralized veins northeast of the mine.
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Initial interest in this area was driven by Coeur Mining's ("Coeur")[2] (NYSE: CDE) (TSX: CDM) 2012 investment into the Company giving it a
Previous exploration work along this trend is limited to six percussion holes totaling 274m in 1994 and 14 "backpack drill" holes totaling 25m in 2020. Widespread soil sampling was also conducted in 2019 and 2020. Limited rock samples were collected in 2020 and 2021. The most recent exploration along this trend (sampling conducted by Nicola in 2021) is described in Assessment Report #39721 (available on ARIS[4]). Results from these programs are encouraging and demonstrate the presence of vein-hosted silver, copper, lead, zinc and gold. This provides support for initial diamond drilling to establish the width of the trend and mineralization at depth. Currently mineralization is present on surface and open in all directions.
Figure 2. 2025 Field Reconnaissance Photos: (a) and (b) 10-20 cm wide quartz-sulphide veins steeply dipping and trending northeast-southwest. Close-ups of quartz veins show (c) mainly sphalerite with pyrite and chalcopyrite and (d) pyrite, chalcopyrite and sphalerite.
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Figure 3. 3D magnetic MVI inversion at 200m depth below topography.
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https://images.newsfilecorp.com/files/4873/270388_f8d245b9a405d91e_001full.jpg
Peter Espig, Chief Executive Officer, commented, "Recently we have garnered accelerated interest from both investors and strategics that have become increasingly excited about Treasure Mountain. At Nicola, we have always been aware of its significant potential, as highlighted by Coeur's investment in the Company at a time prior to Nicola securing ownership of New Craigmont Copper Project and commencing gold production and pre-investment in Dominion Gold Project. In addition to these other projects, for the past decade we have continued to review, maintain and explore Treasure Mountain, which is more than an exploration project but is a fully permitted mine that can be reopened. We continue to review all possibilities and are excited for the 2026 TM Program."
Qualified Person
The scientific and technical disclosures included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX.V Exchange and Frankfurt Exchange that maintains a
The Company owns
On behalf of the Board of Directors
"Peter Espig"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
URL: www.nicolamining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
[1] Silver prices dropped below US
[2] At the time of investment Coeur Mining was called Coeur d'Alene Mines Corporation
[3] July 17, 2014 (2 for 1), June 1, 2015, (5 for 1) and November 17, 2023 (2 for 1). The first 2 rollbacks were related to a successful CCAA process.
[4] British Columbia Geological Survey's (BCGS) Assessment Report Indexing System
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270388
FAQ
What permit did Nicola Mining (HUSIF) receive for Treasure Mountain and when?
How long is the Treasure Mountain mine lease for Nicola Mining (HUSIF)?
What will Nicola Mining (HUSIF) do at Treasure Mountain in 2026?
Where is Treasure Mountain located relative to Vancouver and Hope?
What prior exploration supports Nicola's 2026 drilling at Treasure Mountain (HUSIF)?
What minerals has Nicola reported on surface at Treasure Mountain (HUSIF)?
